Brock

Bitcoin’s felt “dumpiest” for a really long time. Waiting with increasing frustration for the “pumpiest” part of the meme…

Re: oil in the mastermind discussion, the US actions in Venezuela are more related to them posturing against Guyana in a border dispute in which Venezuela would seize the largest private (ExxonMobil) oil discovery in the last 4 decades. It’s much higher quality crude than what Venezuela has within their borders. Oil price: in addition to poor demand globally, OPEC pumping is an attack on US manufacturing sector. Shale oil is much more expensive than conventional oil reserves and therefore not as profitable on a per bbl basis. Lower oil prices hurt the shale oil bbl produced in Texas much more than they hurt the OPEC/Russian producers. cc: nostr:nprofile1qqsp4lsvwn3aw7zwh2f6tcl6249xa6cpj2x3yuu6azaysvncdqywxmgpr9mhxue69uhhqatjv9mxjerp9ehx7um5wghxcctwvsqs6amnwvaz7tmwdaejumr0dsjnv598 nostr:nprofile1qqsg2zqd8wkhpnxu6lm5c2dyfa2mhpwte57apjae2ldp6g2mmwf3ypqppemhxue69uhkummn9ekx7mp0qy2hwumn8ghj7un9d3shjtnyv9kh2uewd9hj74xalxw nostr:nprofile1qqst0xtvrqlqxm0j0qpfgkuqh0wgkzl4judkvgdgd0e4d8pnyytlqlgpzdmhxue69uhk66tnwd4k27fwxq6zuumfqyvhwumn8ghj76mwdaehgu3wdejh2arjd9hx2tnrdakse5gxru

The conversation with nostr:nprofile1qqsw4m6evhlz0qj02ekw86657dc5nm3gunvgk4ux0r4qyz6h2ywkk7gpzpmhxue69uhkummnw3ezumrpdejqzyrhwden5te0dehhxarj9emkjmn9w7686c and nostr:nprofile1qqsywt6ypu57lxtwj2scdwxnyrl3sry9typcstje65x7rw9a2e5nq8spramhxue69uhky6t5vdhkjmndv9uxjmtpd35hxarn9ehkumrfdejsz9rhwden5te0dehhxarj9ehhsarj9ejx2asp5v6s8 was odd and confusing … (1) Networks and network effects are exponential and should not follow the power law. (2) Debt is a priority claim on assets & associated cash flow. Equity is a residual claim. (3) The interest rates for debt issued when bitcoin is successful would need to be equivalent to appreciation rate of bitcoin. (4) When the capital comes for bitcoin, it won’t follow the power law. And it won’t happen gradually. (5) Matthew has a lot of inconsistencies in his positioning. Anchoring on the Power Law but then struggling to reconcile and explain the implications of increased bitcoin adoption. Felt FUD-y after listening to it.

Tick tock, next block

KindlyMD has 1/2 the market cap of Cantor Equity Partners this morning. lol.

Anyone know the targeted close date for Twenty One? Or at least a range? cc: nostr:nprofile1qqsvf646uxlreajhhsv9tms9u6w7nuzeedaqty38z69cpwyhv89ufcqpzemhxue69uhhyetvv9ujuurjd9kkzmpwdejhgqg6waehxw309ahx7um5wghx7unpdenk2urfd3kzuer9wcct67dg

I’m not technically proficient enough to fully understand the drama unfolding with bitcoin core. I just bought a higher capacity hard drive for my node.

How are publicly traded miners staying solvent right now? Absolutely nuts how the hashrate is dislocating from the price. So many legacy PPA contracts have to be getting close to being (or already are) unprofitable.